Democrat Hedge Fund Manager Charged With Insider Trading
October 16th, 2009 by DFLThe Democrat culture of corruption continues. Wealthy Democrat donor Raj Rajaratnam, founder of hedge fund Galleon Group, was charged with insider trading. Rajaratnam is a supporter of Barack Obama. He donated $4,600 to Obama and $30,800 to Obama Victory Fund in 2008.
View Rajaratnam’s political contributions from Democrats here:
Democrat Raj Rajaratnam’s Political Contributions
The page is a copy of the results of a search of Rajaratnam’s donations at fec.gov.
I found some media bias exhibited by ABC News. The news network (if you can call it that) reported that Rajaratnam donated to Hillary Clinton, but they did not report that he also donated to Obama until the final paragraph of the article on page two.
The New York hedge fund billionaire indicted today in an alleged $20 million insider trading scheme, Raj Rajaratnam, was a major contributor to the campaigns of Hillary Clinton and also the single largest known U.S. contributor to a charity linked to the Tamil Tiger terror group in Sri Lanka, according to records obtained by ABCNews.com.
From page two:
Rajaratnam and his wife were also major contributors to a number of Democratic campaigns, giving a total of $118,000 to, among others, the Senate campaigns of Hillary Clinton and Chuck Schumer and the presidential campaigns of Mrs. Clinton and Barack Obama.
Why did ABC News mention the donations to Hillary Clinton in the first paragraph, but wait until the second page to mention the donations to Barack Obama when Obama received much more money than Hillary did from Rajaratnam?
Hillary Clinton received a total of $6,500 in donations from Rajaratnam. Barack Obama received a total of $35,400.
It seems to me that Obama should have been mentioned first. Not only since he received five times the money that Hillary did, but because he is President.
